Africa's 50 Richest 2014: The Newcomers

This year, six newcomers join the ranks of Forbes’ fourth annual ranking of the richest people in Africa, down from nine last year. Nigeria and Morocco produced the highest number of newcomers, with two each, while Kenya and Egypt produced one new member each.

The wealthiest newcomer to this year’s list of Africa’s 50 Richest is His Majesty, King Mohammed VI of Morocco, who debuts with a fortune estimated at $2.1 billion. King Mohammed VI owns an estimated 40% stake in Société Nationale d’Investissement (SNI), a Moroccan investment holding company which owns almost half of Attijariwafa, Morocco’s largest bank, and significant stakes in mining company Managem Group and sugar producer Cosumar.

King Mohammed VI of Morocco, newcomer to FORBES list of Africa’s 50 Richest.

Nigerian Tycoons Lead Africa's 50 Richest To Gains In 2014

Reported by Zina Moukheiber and Mfonobong Nsehe, with additional reporting from FORBES AFRICA, Christopher Helman, Chase Peterson-Withorn and Katia Savchuk. Edited by Kerry A. Dolan with Abram Brown and Luisa Kroll

For the first time in the four years that FORBES has been tracking Africa’s richest, Nigeria bests South Africa. At the top yet again is cement tycoon Aliko Dangote of Nigeria, joined on the list of Africa’s 50 Richest by 12 other countrymen.  In comparison South Africa claims 11 spots, down from 14 a year ago. Nigeria is showing its strength, having earned commendations for its efforts to snuff out Ebola in the country, which Dangote helped fund — and despite a recent drop in oil prices.

The Richest Man in Africa: Aliko Dangote

There are three new billionaires on the list: Orji Uzor Kalu of Nigeria, Tony Elumelu of Nigeria and King Mohammed VI of Morocco. 

Presidency needs refresher course in history –APC

 

Lai Mohammed

The All Progressives Congress on Friday said the Presidency needs a refresher course in history if it is not aware that a leader has had cause to resign in the middle of a war.

The APC National Publicity Secretary, Alhaji Lai Mohammed, said in a statement in Abuja that a former British Prime Minister, Neville Chamberlain, resigned from office on May 10, 1940 after Adolf Hitler forced the allies to retreat from Norway, thus changing the course of World War II.

Mohammed was responding to claim by the Special Assistant to the President on Public Affairs, Dr. Doyin Okupe, that no President resigns in the middle of a war.

Welcome to Suneal's Blog : 13 killed, 40 injured in Bauchi twin blasts| credi...

Welcome to Suneal's Blog : 13 killed, 40 injured in Bauchi twin blasts| credi...: 13 killed, 40 injured in Bauchi twin blasts | credits: File copy No fewer than 13 people died and 40 others injured as two bomb e...

13 killed, 40 injured in Bauchi twin blasts

| credits: File copy

No fewer than 13 people died and 40 others injured as two bomb explosions occurred at a commercial bank in Azare in Katagum Local Government Area of Bauchi State on Friday.

Though the police could not give casualty figures, unconfirmed source said 13 people died in the explosion while 40 were injured.

The source said that the bomb blasts occurred at the Automated Teller Machine of the bank as customers were queuing to make withdrawals at about 9am.

He said two men walked up to the ATM and pretended to withdraw money from the facility and shortly after dropped the object and hurriedly left the scene. Another one also exploded as people hurried to assist the victims.

Welcome to Suneal's Blog : History of Ohafia People and Culture Abia...

Welcome to Suneal's Blog :
History of Ohafia People and Culture

Abia...: History of Ohafia People and Culture Abia Ohafia  is a town and local government area in abia state, Nigeria. It...

History of Ohafia People and Culture

Abia

Ohafia is a town and local government area in abia state, Nigeria. It is an igbo speaking region. The ancestral capital of Ohafia is located in the village of Elu. The Ohafia Local Government Area also includes the towns of Abiriba and Nkporo.

Historcally, Ohafia people left Andoli and settled in Isi-Eke, from
where they ran away one night, when they heard the rattling
sound of calabashes. The sound was interpreted to mean that they were being
invaded which lead to a commotion, as some of them escaped toward Ngodo and others went towards Isuochi. At one point, some of them headed towards Abam leading the group heading to Abam, was a man known as Ezeama Atita, and two
sons called Uduma Ezeama and Onyereobi Ezeama. When they got to Abam,
Onyereobi's wife, who was heavy with pregnancy, could no longer walk. He,
therefore, remained in Abam with his pregnant wife, while the group